Annual Review of the Rationale for Holding Cross-Shareholdings
First written in FY2019. 2 of 4 entries say "Advanced", first in FY2020. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「At a Board of Directors meeting held in April 2026, the company confirmed that holding the shares remained appropriate from the perspectives of their purpose and the business benefits relative to the cost of holding them.」
The company continued its annual Board of Directors review of the rationale for cross-shareholdings and also confirmed the appropriateness of the holdings in April 2026. - FY2021RestatedAnnual report
「At a Board of Directors meeting held in March 2021, the company confirmed that holding the shares remained appropriate from the perspectives of their purpose and the business benefits relative to the cost of holding them.」
The company continued its annual Board of Directors review of the rationale for cross-shareholdings and also confirmed their appropriateness in March 2021. - FY2020AdvancedAnnual report
「At a Board of Directors meeting held in March 2020, the company confirmed that holding the shares remained appropriate from the perspectives of their purpose and the business benefits relative to the cost of holding them.」
For cross-shareholdings, this describes the specific result of confirming the appropriateness of the holdings in March 2020 based on the policy of annual review by the Board of Directors. - FY2019First statedAnnual report
「For cross-shareholdings, limited to domestically listed shares, the Board of Directors will annually review the appropriateness of their purpose, the cost of holding them, and the business benefits associated with holding them.」
This is the first description of a policy to review the purpose, cost, and business benefits of cross-shareholdings annually at Board of Directors meetings.